Neal Pionk buyout calculator, cap hit impact


Neal Pionk Buyout Cap Implications

Birthdate July 29, 1995

If Neal Pionk was bought out prior to the 2019-2020 season.

The annual cap hit of a buyout is calculated year by year as follows:

  • Add together the Original Cap Hit and the Contract Signing Bonus for that year
  • Subtract the Contract Total Salary for that year (base salary + signing bonus).
  • Finally, add the Annual Buyout Cost as calculated below.

He would be 23 years old at the buyout giving him a 33% buyout multiplier.
Under 26 = 1/3 multiplier
26+ = 2/3 multiplier

The total buyout cost would be $2,000,000
Remaining base salary
($6,000,000 * 33% buyout multiplier)
.

2 years left in contract.
Buyout applied over 4 years
(2x years remaining on contract)

Annual buyout cost of $500,000
(Total buyout cost/4 years)

Neal Pionk projected buyout 2019-2020 season
2019-2020 2020-2021 2021-2022 2022-2023
Remaining Base Salary
$6,000,000
$2,850,000 $3,150,000 $0 $0
Original Cap Hit $3,000,000 $3,000,000 $0 $0
Contract Signing Bonus $0 $0 $0 $0
Contract Total Salary ($2,850,000) ($3,150,000) ($0) ($0)
Annual Buyout Cost $500,000 $500,000 $500,000 $500,000
ACTUAL CAP HIT Winnipeg Jets logo $650,000 $350,000 $500,000 $500,000
Savings $2,350,000 $2,650,000 $-500,000 $-500,000

Active Contract

Signing Team
Signing Date July 21, 2019
Signing Status RFA
Agent Markus Lehto
Standard Contract | 2 Years $6,000,000 3.68% of cap space
2019-2020 2020-2021
Cap Hit $3,000,000 $3,000,000
RFA
AAV $3,000,000 $3,000,000
Performance Bonuses $0 $0
Base Salary $2,850,000 $3,150,000
Signing Bonuses $0 $0
Total Salary $2,850,000 $3,150,000
Minors Salary $2,850,000 $3,150,000
Clauses
UFA Year
Buy It Out Buy It Out